NRG Energy, Inc. $NRG Holdings Decreased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 47.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,518 shares of the utilities provider’s stock after selling 28,616 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in NRG Energy were worth $5,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Toth Financial Advisory Corp bought a new stake in shares of NRG Energy during the second quarter valued at about $27,000. Zions Bancorporation National Association UT bought a new stake in NRG Energy in the first quarter worth about $28,000. Key Financial Inc bought a new stake in NRG Energy in the first quarter worth about $30,000. Evermay Wealth Management LLC bought a new stake in NRG Energy in the first quarter worth about $36,000. Finally, Kiker Wealth Management LLC bought a new stake in NRG Energy in the second quarter worth about $37,000. 97.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley set a $145.00 price target on shares of NRG Energy and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a $198.00 price target on shares of NRG Energy in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a research note on Wednesday, October 8th. Scotiabank initiated coverage on NRG Energy in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price target on the stock. Finally, Wall Street Zen cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $197.46.

Insider Activity at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.86% of the company’s stock.

NRG Energy Trading Up 3.9%

NYSE:NRG opened at $170.12 on Friday. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96. The stock’s 50-day moving average is $159.24 and its two-hundred day moving average is $148.09. The stock has a market cap of $32.91 billion, a PE ratio of 76.98 and a beta of 1.14.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.37 EPS. As a group, equities research analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. NRG Energy’s payout ratio is presently 79.64%.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.